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Stock impact report

Freeport-McMoRan Q1 Earnings Call Highlights [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
$5.80/lb, peak $6/lb) and robust U.S. operations drove higher revenue, EBITDA and cash flow despite reduced Indonesian capacity. The Grasberg ramp-up was revised after wetter ore created chute/haulage bottlenecks, cutting PB2/PB3 throughput to about 60,000 tons/day in H2 2026 (vs. 100,000 prior) with recovery to ~ 90,000 tons/day by mid-2027, reducing Grasberg's five-year copper and gold output by roughly and respectively and adding roughly $60–70 million of chute-related capex. Management raised the 2026 net unit cost outlook to $1.95 per pound (from $1.75) driven by lower Grasberg contribution and volatile diesel costs (March spike ~ $500 million annualized); capex guidance remains ~ $4.3–4.5 billion for 2026–27 and each $0.10/lb move in copper implies about $400 million in annual EBITDA sensitivity. Interested in Freeport-McMoRan Inc.? Here are five stocks we like better. The Nasdaq's Historic Rally Doesn't Mean the Risk Is Gone Freeport-McMoRan (NYSE:FCX) executives said Show less Read more
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